Search for: "Bill Bunn"
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14 Feb 2023, 9:05 am
Key Findings The federal tax code remains a major source of frustration and controversy for Americans, and a hindrance to economic growth and opportunity. [read post]
1 Nov 2022, 1:55 am
Many of the other business tax changes were temporary or scheduled to change over the ensuing decade, in large part to reduce the deficit impact of the bill and to pay for a permanently lower corporate tax rate. [read post]
17 Jun 2021, 3:55 am
In recent years, countries have adopted several policies to counter companies’ efforts to minimize their tax bills utilizing low-tax jurisdictions. [read post]
20 Sep 2022, 9:01 pm
Instead of deducting capital expenditure immediately, firms usually have to write it off against their tax bills over time, in line with various capital allowances or depreciation schedules. [read post]
17 Mar 2021, 5:55 am
Again, the $1 tax bill would leave $9 in after-tax profit. [read post]
7 May 2020, 2:55 am
Key Findings The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided economic relief to businesses in part by modifying net operating loss (NOL) deduction rules, expanding NOL carrybacks, and increasing NOL deductibility limits. [read post]
21 Oct 2019, 9:02 pm
Explore Our Interactive Tool Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. [read post]
18 Sep 2020, 8:43 am
Key Findings State tax collections declined 5.5 percent in FY 2020 according to new Census data, though actual losses are likely to be significantly lower after accounting for the shifting of income tax collections into the current fiscal year due to delayed tax filing deadlines. [read post]
2 Sep 2021, 5:35 am
In the ideal tax system, all costs should be deducted the year they are incurred, whether regular recurring expenses like wages and utility bills or major capital investments in equipment, machinery, or structures.[4] Notably, many of the costs included as intangible drilling costs are wages, making full deductions the normal tax treatment even without expensing for investments in equipment and machinery. [read post]
26 Apr 2022, 2:50 am
The lower the capital cost recovery rate, the more a business’s taxable income is inflated and the more its tax bill is overstated, making capital investment more expensive. [read post]
28 Jul 2021, 3:50 am
Table of Contents Key Findings Introduction What Is the Tax Gap and What Proposals Are Available? [read post]
